PRESIDENT TINUBU CALLS FOR AFRICAN ENERGY SOVEREIGNTY, PUSHES FOR CONTINENT-CONTROLLED PRICING SYSTEM

Tinubu Champions Africa-Led Energy Market, Calls for Fair Pricing and Regional Control.

Africa Pricing benchmarks Transparent market system Nigeria Energy reforms Transparency.
President Bola Tinubu
President Bola Tinubu


President Bola Tinubu has issued a clarion call for Africa to seize control of its energy destiny by setting its pricing benchmarks and building a unified, transparent market system that reflects the realities of the continent rather than external interests.

Speaking ahead of the Global Commodity Insights Conference on West African Refined Fuel Markets, which kicks off this week in Abuja, Tinubu emphasized that Africa must no longer operate as a passive player in the global energy landscape.

“Africa can no longer remain a price taker for its resources,” Tinubu said via his official X handle on Tuesday. “It is time to establish credible, transparent benchmarks that reflect our realities and protect our economies.”

The high-level conference, organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in partnership with S&P Global Insights, is expected to convene leading energy regulators, policymakers, and investors to deliberate on pricing, regulation, and development of refined fuel markets across West Africa.

Tinubu noted that Nigeria is taking bold steps toward energy reform, particularly in refining capacity, regulatory transparency, and trade facilitation, adding that regional cooperation is central to transforming Africa from a raw resource exporter into a value-creating energy hub.

“Through this strategic platform, we are creating a transparent, Africa-led reference market that is rooted in collaboration, regulatory alignment, and economic self-determination,” he said.

The President also underscored the importance of Africa owning its entire energy value chain from production and pricing to distribution and trade, asserting that only then can the continent secure lasting economic value and energy security.

“We must price what we produce, trade on our terms, and secure value for our economies and future generations,” Tinubu declared. “This is how we shape our energy future.”

The two-day event will explore key issues in the midstream and downstream petroleum sectors, with particular focus on energy security, investment opportunities, and strategies for building an integrated African energy market driven by African interests.

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